Quantinno Capital Management LP Purchases 56,838 Shares of Sunrun Inc. $RUN

Quantinno Capital Management LP lifted its position in Sunrun Inc. (NASDAQ:RUN) by 231.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,410 shares of the energy company’s stock after purchasing an additional 56,838 shares during the period. Quantinno Capital Management LP’s holdings in Sunrun were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in Sunrun by 5.1% in the 1st quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock worth $3,672,000 after buying an additional 30,175 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Sunrun by 47.8% in the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock valued at $192,000 after acquiring an additional 10,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sunrun by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock valued at $1,397,000 after acquiring an additional 5,882 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Sunrun by 511.0% in the first quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock worth $158,000 after acquiring an additional 22,603 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Sunrun by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock worth $13,518,000 after acquiring an additional 718,955 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Maria Barak sold 3,278 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $12.17, for a total transaction of $39,893.26. Following the sale, the chief accounting officer directly owned 90,033 shares of the company’s stock, valued at $1,095,701.61. This represents a 3.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $9.96, for a total value of $498,000.00. Following the transaction, the director owned 367,405 shares of the company’s stock, valued at $3,659,353.80. This represents a 11.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 223,045 shares of company stock worth $2,934,835. Insiders own 3.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RUN shares. Wall Street Zen raised Sunrun from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada dropped their price target on Sunrun from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Glj Research reaffirmed a “sell” rating and set a $4.63 price objective on shares of Sunrun in a report on Friday, July 10th. TD Cowen cut their price objective on shares of Sunrun from $21.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Susquehanna reduced their price objective on shares of Sunrun from $18.00 to $15.00 and set a “positive” rating on the stock in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Sunrun has an average rating of “Hold” and a consensus target price of $16.81.

Sunrun Trading Up 3.3%

Shares of RUN stock opened at $10.19 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 6.89 and a beta of 2.35. Sunrun Inc. has a 12-month low of $8.61 and a 12-month high of $22.44. The stock’s 50-day moving average price is $11.79 and its 200-day moving average price is $13.84.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The company had revenue of $869.99 million during the quarter, compared to analyst estimates of $746.87 million. During the same period in the prior year, the company earned $1.07 earnings per share. The firm’s revenue was up 52.8% on a year-over-year basis. Equities research analysts predict that Sunrun Inc. will post 1.13 EPS for the current fiscal year.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.